Lack of cost support, weak price trend of PET

According to the data monitored by the business community, as of April 22, the average price of pet water bottle manufacturers was 7033.33 yuan / ton, and the market of PET bottle chips was weak. Most manufacturers’ quotations were reduced by 50-100 yuan / ton, down 0.24% compared with the same period last week.

The price of pet market was weak, the factory continued the weak trend, the downstream demand was insufficient, the cost support was weak, the number of new orders was limited, the market center declined, the international crude oil trend was downward, resulting in the upstream PTA price falling, the purchasing atmosphere was cold, and the weak operation was maintained in the short term.

Manufacturer / Region Specifications Quotation (yuan / ton) date

Zhejiang wankai Polyester bottle chip seven thousand and one hundred April 22nd

Zhuhai China Resources Polyester bottle chip seven thousand April 22nd

Anhua, Henan Polyester bottle chip seven thousand April 22nd

Yizheng Chemical Fiber Polyester bottle chip six thousand seven hundred and fifty April 22nd

Xiamen Tenglong Polyester bottle chip six thousand and nine hundred April 22nd

Guangdong Taibao Polyester bottle chip seven thousand April 22nd

In the upstream, the price of ethylene glycol declined significantly, the support of cost side was insufficient, the transaction atmosphere was light, and it was weak and volatile in the short term. Ethylene glycol index: on April 21, the commodity index of ethylene glycol was 51.63, down 0.66 points from yesterday, down 50.77% from the highest point 104.87 in the cycle (2011-09-18), and up 53.98% from the lowest point 33.53 on April 2, 2020( Note: period refers to the period from September 1, 2011 to now

Business community pet analysts believe that: the recent decline in crude oil prices, pet upstream cost support is weak, coupled with insufficient downstream demand, short-term continuation of the weak trend( To learn more about the latest market trends, please pay attention to the official account of the business community, get information on goods, and grasp the price of commodities.

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